Muskingum University
- Assets
- $203.5m
- Revenue
- $69.1m
- Investments
- $34.9m
- Employees
- 1,085
- Location
- New Concord, OH
- Founding
- 05/1936
- Data as of
- 06/2022
- EIN
- 31-4379515
Organization Overview
Muskingum University is located in New Concord, OH. The organization was established in 1936. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Muskingum University employed 1,085 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muskingum University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Muskingum University generated $69.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $65.6m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OFFER QUALITY ACADEMIC PROGRAMS IN THE LIBERAL ARTS AND SCIENCES OF A (CONTINUED ON SCH O) RESIDENTIAL, CHURCH-RELATED UNIVERSITY WHERE INDIVIDUAL FULFILMENT IS ENCOURAGED.
Describe the Organization's Program Activity:
THE TRADITIONAL UNDERGRADUATE PROGRAM CONSISTS OF STUDENTS ATTENDING SCHOOL AS THEIR PRIMARY ACTIVITY, MOSTLY FULL-TIME DURING THE DAY-TIME HOURS. PROGRAMS INCLUDE 69 ACADEMIC MAJORS, 9 PRE-PROFESSIONAL PROGRAMS, INCLUDING PRE-MEDICINE AND PRE-LAW; TEACHER LICENSURE IN 21 AREAS. THERE ARE MORE THAN 20 INTERNATIONAL EXCHANGE STUDY PROGRAMS IN 9 COUNTRIES. ALSO, AVAILABLE IS THE PROFESSIONALLY-STAFFED PLUS PROGRAM FOR STUDENTS WITH LEARNING DIFFERENCES. DURING THE FISCAL YEAR ENDING IN JUNE 30, 2022, THERE WERE 1,385 STUDENTS ENROLLED IN THE UNDERGRADUATE PROGRAM.
THE GRADUATE AND CONTINUING STUDIES PROGRAM CONSISTS OF PROGRAMS DESIGNED FOR THOSE SEEKING POST-GRADUATE OR THOSE WHO HAVE SPENT MORE THAN TWO YEARS SINCE COMPLETING ANY SECONDARY OR POST-SECONDARY WORK. MANY BALANCE THEIR STUDY WITH WORK AND FAMILY RESPONSIBILITIES. PROGRAMS OFFERED INCLUDE MASTER OF ARTS IN EDUCATION, WITH SPECIALIZATIONS; MASTER OF ARTS IN TEACHING, WITH SPECIALIZATIONS; MASTER OF INFORMATION STRATEGY, SYSTEMS AND TECHNOLOGY; MASTER OF OCCUPATIONAL THERAPY; ADULT DEGREE COMPLETION (MUSKINGUM ADULT PROGRAM) OFFERING CERTIFICATE PROGRAMS AS WELL AS BACHELOR OF ARTS, BACHELOR OF SCIENCE AND BACHELOR OF SCIENCE IN NURSING DEGREES; BSN PROGRAM FOR AREA RN'S; AND EDUCATION SPECIALIST DEGREE. DURING THE FISCAL YEAR ENDING JUNE 30, 2022, 1,316 STUDENTS WERE ENROLLED IN THE GRADUATE AND CONTINUING STUDIES PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan S Hasseler President | Officer | 40 | $380,403 |
Nancy Evangelista Provost | Officer | 40 | $183,697 |
Mark Sanford VP Of Graduate & Cont. Stu | Officer | 40 | $180,153 |
Philip E Laube VP Of Finance & Operations | Officer | 40 | $176,100 |
Cynthia Wilkins Director Of Nursing | 40 | $165,390 | |
Carol Lear Ecsti Teacher | 40 | $164,885 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Lp Software & Consulting Services | 6/29/22 | $408,062 |
Crawford Contracting Construction | 6/29/22 | $190,582 |
Steptoe Johnson Llc Attorney | 6/29/22 | $120,659 |
Lincoln Construction Construction | 6/29/22 | $16,468,462 |
Derck Edson Llc Architectual | 6/29/22 | $183,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,310 |
| Related organizations | $0 |
| Government grants | $6,141,262 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,088,973 |
| Noncash contributions included in lines 1a–1f | $566,543 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,233,545 |
| Total Program Service Revenue | $54,002,226 |
| Investment income | $3,080,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,399 |
| Net Gain/Loss on Asset Sales | $30,357 |
| Net Income from Fundraising Events | $5,861 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,800 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,143,599 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,763,900 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,676,943 |
| Compensation of current officers, directors, key employees. | $1,214,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,386,161 |
| Pension plan accruals and contributions | $833,163 |
| Other employee benefits | $2,316,348 |
| Payroll taxes | $1,344,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $157,302 |
| Fees for services: Accounting | $123,313 |
| Fees for services: Lobbying | $29,815 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,554,687 |
| Advertising and promotion | $104,780 |
| Office expenses | $1,835,504 |
| Information technology | $656,267 |
| Royalties | $0 |
| Occupancy | $2,949,202 |
| Travel | $668,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,819 |
| Interest | $7,926 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,315,644 |
| Insurance | $631,189 |
| All other expenses | $37,217 |
| Total functional expenses | $65,579,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,859,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,327,498 |
| Accounts receivable, net | $4,567,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,855,564 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $494,168 |
| Net Land, buildings, and equipment | $88,135,320 |
| Investments—publicly traded securities | $55,979,169 |
| Investments—other securities | $34,948,115 |
| Investments—program-related | $972,048 |
| Intangible assets | $0 |
| Other assets | $3,336,277 |
| Total assets | $203,474,900 |
| Accounts payable and accrued expenses | $6,755,895 |
| Grants payable | $492,322 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,030,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,327,391 |
| Total liabilities | $31,606,375 |
| Net assets without donor restrictions | $78,959,344 |
| Net assets with donor restrictions | $92,909,181 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $203,474,900 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Muskingum University has recieved totaling $22,500.
| Awarding Organization | Amount |
|---|---|
Adams Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $12,500 |
William S Perper Foundation New York, NY PURPOSE: GENERAL OPERATING | $10,000 |
Endowment Analysis
| Beg. Balance | $94,088,209 |
| Earnings | -$2,031,627 |
| Admin Expense | $170,525 |
| Net Contributions | $1,479,114 |
| Other Expense | $1,874,569 |
| Grants | $1,412,767 |
| Ending Balance | $90,077,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Muskingum University New Concord, OH | $203,474,900 | $69,143,599 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Baker College Flint, MI | $33,049,782 | $27,043,165 |
Baker College Flint, MI | $48,464,572 | $25,592,429 |
Baker College Flint, MI | $39,254,865 | $22,321,880 |
Holy Cross College Inc Notre Dame, IN | $53,093,799 | $27,179,393 |
Finlandia University Hancock, MI | $36,184,751 | $18,081,025 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |